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AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

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Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

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Industry News

Mass. Electric Requests Cut in Default Service Rates

LCG, Sept. 19, 2001--Massachusetts Electric Co. said yesterday it has filed a request with the Massachusetts Department of Telecommunications and Energy to cut its standard offer service rate to reflect the current lower cost of power it purchases on behalf of its customers on Default Service.

About a quarter of the utility's 1.2 million customers receive Default Service.

The reduction would be more than 2 cents per kilowatt-hour on the fixed price Default Service portion of residential customers' electric bills, effective November 1. If approved, the typical residential customer on fixed price Default Service using 500 kilowatt-hours of electricity per month will see a 15.2 percent, or $11.48, reduction in the overall monthly bill, the company said.

At present, the fixed price Default Service rate for residential customers is 9.213 cents per kilowatt-hour. A typical residential customer using 500 kilowatt-hours per month now pays about $75.60. The proposed fixed price Default Service rate for residential customers is 6.917 cents per kilowatt-hour. A typical residential customer's bill under the proposed reduced rate would be $64.12 per month.

"We are pleased that lower wholesale market prices allow us to reduce rates to our customers on Default Service beginning November 1. We are also hopeful that more market choices will be available for customers as we go forward and the power markets develop further," said Cheryl LaFleur, president and chief executive officer of the utility.

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